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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?


To: Spark who wrote (496)6/26/1999 1:28:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 1438
 
You got to look at the details of each situation, a blanket statement is not useful. Sometime the floorless is such a small portion of the capitalization, it may not have an impact, others the company has other sources of financing lined up. What is important to remember is that a floorless is an indication that a company is in dire financial straights.

Zeev